HSBC

Global banking giant HSBC has released its latest recommendations for Indian equities, highlighting sectors and stocks poised for growth amid evolving macroeconomic and global trends. The report underscores the resilience of India’s domestic consumption, infrastructure expansion, and technology-driven sectors. HSBC has identified financial services, IT, and consumer goods as key investment areas, emphasizing stocks with strong fundamentals, robust earnings growth, and strategic market positioning.

Global banking major HSBC has announced plans to discontinue its retail banking operations in Sri Lanka by 2026, marking a significant shift in its strategy for the island nation. The decision aligns with the bank’s broader push to streamline operations and focus on high-growth segments such as corporate, institutional, and wealth management services. While HSBC will maintain its presence in the country, the move signals a retreat from mass-market retail banking amid shifting market dynamics and profitability concerns.